Go AD-FREE with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

Point of taxation rule 5 for nov exam

1020 views 2 replies

Sukanto Chakraborty

Accountant

101 Points Joined January 2010

Plz any one explan POT rules 5 [as amended throuth notification] effective from 1.4.2012.plz provide illustrations when rule 3 applies and when rule 5 if date of taxation is 1 sep 2012 in case of two situation dt of ser dt of inv dt of pay whether taxable 20:8:12 2:9:12 30:8:12 no[r ule 5] 20:8:12 10:9:12 25:8;12 no[rule 3] plz explane why in second case rule 3 applies thanks in adv

Replies (2)

CS,CA F,Numrologi TusharSampat

CS CA F Numerologist Astrologer Graph

85935 Points Joined May 2010

Pls write ur querry with more clarification and do not wrie any short form and write very clearly

Sukanto Chakraborty

Accountant

101 Points Joined January 2010

sir i want to say if a service is taxable for the 1st time in sept, 2012 1. Date of service is on 20 aug,12: date of invoice is on 2 sep,12 date of payment 30 aug,12-service is not taxable as per rule 5 of pot 2.Date of service 20 aug,12 date of invoice is on 10 sep,2012 date of payment 25 aug,12-service is not taxable as per rule 3 of pot. My qus is why in second case rule 3 apply.why rule 5 is not applicable in second case.